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Average price of existing condominium sales in Tokyo Metropolitan Area (JPY 10,000 per sq. m.)
Japan, Tokyo
Apartment prices in Tokyo, Japan.
The Land Institute of Japan publishes a monthly bulletin with average prices of existing condominium sales in Tokyo and Osaka. It started in 2004.
The Japan Real Estate Institute (JREI) releases a semi-annual urban land price index coving the major cities, from 1955.
For Tokyo, up to date figures are also published by Akasaka Real Estate.
Apartment prices in Tokyo, % change 1 yr
Nominal and inflation-adjusted ('real')
Japan, Tokyo
Source: The Land Institute of Japan
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2020 | -1.16% | -0.85% | ||
| 2019 | 2.94% | -2.33% | 1.68% | 1.65% |
| 2018 | 0.53% | -0.29% | -1.77% | 2.20% |
| 2017 | -0.80% | 0.36% | 1.84% | 1.79% |
| 2016 | 5.25% | -0.21% | 2.80% | 1.16% |
| 2015 | 0.98% | -0.46% | 1.97% | -1.30% |
| 2014 | 2.82% | -0.28% | -0.66% | 6.33% |
| 2013 | 3.50% | 0.22% | 1.59% | -1.45% |
| 2012 | -0.94% | -1.92% | -0.18% | 2.09% |
| 2011 | -2.82% | -1.79% | 0.68% | 0.42% |
| 2010 | 0.20% | -0.30% | 3.06% | 1.97% |
| 2009 | -2.51% | 1.38% | -0.77% | 2.97% |
| 2008 | -1.57% | 0.12% | -3.94% | 0.53% |
| 2007 | 3.89% | 1.69% | 3.73% | 0.92% |
| 2006 | 0.72% | 0.43% | 1.40% | 5.57% |
| 2005 | 2.72% | 1.87% | -0.41% | 2.97% |
| 2004 | 0.79% | 3.56% | 0.24% | -2.09% |
| 2003 | 0.76% | -0.69% | -0.66% | 0.48% |
| 2002 | -1.89% | 1.06% | -1.78% | 2.04% |
| 2001 | -1.52% | -1.48% | -0.61% | 1.99% |
| 2000 | -0.15% | -0.85% | -2.08% | 0.94% |
| 1999 | 0.52% | 0.32% | -2.22% | -2.83% |
| 1998 | -1.57% | -3.80% | -1.29% | -0.20% |
| 1997 | 0.91% | -5.49% | -0.11% | -2.02% |
| 1996 | 1.21% | -0.12% | -3.35% | 0.15% |
| 1995 | -9.12% | -5.38% | -4.42% | -2.67% |
| 1994 | -2.66% | -1.30% | -5.27% | -2.71% |
| 1993 | -2.51% | -0.55% | -3.11% | -0.44% |
| 1992 | -2.23% | 0.45% | -2.43% |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2019 | 3.91% | 4.73% |
| 2018 | 0.62% | 0.90% |
| 2017 | 3.20% | 4.34% |
| 2016 | 9.22% | 9.55% |
| 2015 | 1.16% | 1.27% |
| 2014 | 8.30% | 10.84% |
| 2013 | 3.85% | 5.58% |
| 2012 | -0.99% | -1.19% |
| 2011 | -3.51% | -3.72% |
| 2010 | 4.99% | 4.68% |
| 2009 | 0.99% | -0.77% |
| 2008 | -4.82% | -4.43% |
| 2007 | 10.60% | 11.42% |
| 2006 | 8.28% | 8.61% |
| 2005 | 7.31% | 6.85% |
| 2004 | 2.44% | 2.68% |
| 2003 | -0.13% | -0.55% |
| 2002 | -0.63% | -0.93% |
| 2001 | -1.64% | -2.82% |
| 2000 | -2.15% | -2.56% |
| 1999 | -4.18% | -5.23% |
| 1998 | -6.72% | -6.16% |
| 1997 | -6.65% | -4.93% |
| 1996 | -2.15% | -1.55% |
| 1995 | -20.00% | -20.33% |
| 1994 | -11.46% | -10.90% |
| 1993 | -6.47% | -5.50% |
The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.